Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of cosmetic kingpin Estee Lauder
So what: Adjusted earnings per share for the company's fiscal first quarter came in at $0.97, versus analysts' expectations of $0.77. The company's bottom line represented a 14% gain versus last year, as sales pushed higher by the same percentage. The quarter benefitted from strong international sales and consumers' return to the company's luxury products.
Now what: That return to luxury should be particularly notable to investors, especially in light of the disappointing results from Avon
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